[185 Assessment: general]

[Assessment procedure]

[185  Assessment: general]

[(1)     Where the [appropriate regulator] receives a section 178 notice, it must—

(a)     determine whether to approve the acquisition to which it relates unconditionally; or

(b)     propose to—

(i)     approve the acquisition subject to conditions (see section 187); or

(ii)     object to the acquisition.

(2)     The [appropriate regulator] must—

(a)     consider the suitability of the section 178 notice-giver and the financial soundness of the acquisition in order to ensure the sound and prudent management of the UK authorised person;

(b)     have regard to the likely influence that the section 178 notice-giver will have on the UK authorised person; and


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